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Abstract Manager's interpretation of strategic issues have important influence on strategic decision, while ambidextrous innovation decision including exploratory innovation, exploitative innovation and the balance of them can be seen as firm's strategic decision, so the relationship between managerial interpretation and ambidextrous innovation is of great importance. This paper stands on the research of managerial cognition, puts forward several hypothesis and use 207 questionnaires to examine it. This paper finds that threat interpretation has positive relationship with exploitative innovation, while opportunity interpretation has positive relationship with exploitative innovation. What's more, ambivalent interpretation improves the balance of exploitative innovation and exploitative innovation, and behavioral integration plays positive moderating role. This paper enriches the research between strategic interpretation and organizational ambidexterity, helps understanding how ambivalent interpretation can build organizational ambidexterity.
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